诺里奇即将成为更大更好的城市

诺里奇正在蓬勃发展中,它继续吸引着政府与个人来这里投资.诺里奇希望并且有这个能力成为更大,更好的城市.     

有人说蒂米什瓦拉是罗马尼亚的上海,我想说我们可以做得更好!

虽然蒂米什瓦拉与中国相距甚远，但我们非常关注中国近几年来的发展变化。同样，我们也非常期待中国将会选择什么样的发展道路。     

Search less for a better price

In many markets, sellers must spend resources to learn the costs of providing goods/services. This paper considers consumer searches in such markets. The findings show that: (i) even with ex ante identical consumers and sellers, there is price dispersion in the equilibrium, (ii) despite price dispersion and minimal search costs, it could be optimal to search just two sellers and (iii) the optimal number of searches can increase with sellers' information costs.     

Why a well-paid nurse is a better nurse

In an article subtitled "Why is a Badly Paid Nurse a Good Nurse?" economist Anthony Heyes argues that nursing wages should be kept low. Counter arguments are provided based on what the authors consider more adequate economic analysis.     

An even simpler differential demand system

Keller (1984) proposed three simple variants of the well-known Rotterdam demand model. This paper proposes an even simpler differential demand system which has some attractive properties and is easy to estimate. The new model is estimated with Dutch and British data.     

Economic implications of better information in a dynamic framework

Summary. We consider an OLG model with accumulation in human capital and analyze the economic implications of information about individual skills. Agents in each period differ by the random innate ability assigned to each individual. When young, all agents are screened for their abilities and this screening process (signal) constitutes a public information which is used in choosing the level of private investment in education. We demonstrate that in the presence of risk sharing markets better information may be harmful for all in equilibrium, and find conditions under which better information either enhances growth or reduces growth.Received: 8 September 2003, Revised: 3 March 2004, JEL Classification Numbers: D80, J24.Correspondence to: Bernhard EckwertWe are pleased to acknowledge the useful comments and suggestions of R. Benabou, Z. Eckstein, E. Helpman, B. Ravikumar and D. Tsiddon. Also, special thanks are given to two anonymous referees. This research was supported by a Grant from G.I.F., the German-Israeli Foundation for Scientific Research and Development.